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Tag Archives: Congress

The U.S. House of Representatives Thursday is poised to pass a sweeping overhaul of the tax code, eliminating the death tax and cutting taxes for corporations and individuals before the year’s end. The vote is expected to follow party lines and still faces steep hurdles as House members must reconcile their version with the bill… read more

U.S. House Ways and Means Chairman Kevin Brady Monday said the House GOP has enough votes to pass its tax legislation this week. Brady said there may be a few more revisions to the bill yet this week, but they’ll be minor, setting the bill up for a possible vote Thursday. (Bloomberg)

With Republican lawmakers still divided on the GOP’s tax code overhaul, negotiators in the House this week will get together to try to iron out some of the more divisive issues included in the proposed legislation. Speaker Paul Ryan Sunday said there are a “host of ideas” being considered as lawmakers begin revising the bill…. read more

Republicans today released their long-awaited tax code overhaul, hoping to get the legislation marked up and passed before Christmas. The plan would cap the deduction for property taxes at $10,000 and preserve the mortgage interest deduction only for existing mortgages and new purchases with loans of $500,000 or less. The plan also calls for a… read more

House Republicans Tuesday announced they would delay the release of their tax reform bill because members were still divided over eliminating popular tax breaks to pay for the tax cuts in the bill. The bill was supposed to be released today; leaders decided to hold the bill until Thursday, so they can continue negotiations. (NPR)

House Republicans today narrowly adopted a budget resolution, moving President Donald Trump one step closer to his goal of passing a major tax code overhaul before the end of the year. The budget blueprint allows Congress to enact tax cuts later that increase the federal deficit by up to $1.5 trillion over 10 years. The… read more

President Donald Trump Wednesday shocked his Republican counterparts when he struck a short-term deal with Democrats to raise the debt ceiling. The deal will fund the government and raise the debt ceiling for three months, postponing a fight about fiscal matters, including whether the U.S. should fund Trump’s long-promised border wall. (Washington Post)

GOP Sens. John McCain, Susan Collins and Lisa Murkowski joined Senate Democrats early Friday morning in a 51-49 vote to reject the Senate’s repeal of the ACA. Senate leaders initially thought they would be able to pass a “skinny” bill which would have repealed a few key parts of the ACA, but fell just one… read more

The U.S. House fiscal year 2018 appropriations bill restores proposed cuts to USDA, including funding for Peoria’s ag lab. The bill proposes $20 billion in discretionary funding – $4.6 billion more than President Donald Trump’s budget request. A subcommittee advanced the fiscal year 2018 agricultural appropriations bill to the full committee. (FarmWeekNow.com)

Senate majority leader Mitch McConnell Tuesday delayed a vote on the legislation to repeal and replace the ACA. McConnell delayed the vote because the Senate GOP lacked the votes needed to even call the bill for debate. “We will not be on the bill this week, but we’re still working toward getting at least 50… read more

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